Job offers for global postings have dried up in leading B-schools this year. Offers from international companies have dropped by 25% in the case of IIM-Bangalore, 74% in case of IIM-Kozhikode, about 20% in case of IIM-Calcutta.

It remained flat at IIMs in Indore and Kashipur. XLRI did not receive any international offer this year.

B-schools say that this was partly because students got domestic offers even before the international offers came. Also, with India emerging as the brightest spot in the global economy today, students prefer offers at home, say the placement teams at the management schools.

“India will be the fastest growing major economy driven by investment, consumption and policy factors, which will boost employment,” said SV Nathan, senior director & chief talent officer, Deloitte India.

“Also, US and European firms are expanding their presence here and so the companies are focusing more on hiring in India,” he added.

At IIM-Bangalore, international offers dipped to 15 from almost 20 last year despite BMW and Protiviti making offers for the first time.

“Most multinational companies now have significant operations in India and prefer to post their managers in India,” said Sapna Agarwal, head-career development services, IIM-Bangalore, explaining the dip in international offers.

“In fact, some of them manage regional operations — say South East Asia — out of India. So the international content of these (local) positions has actually gone up even though the positions are based in India,” she added.

At IIM-Kozhikode, the offers were down to four compared to 15 last year while at IIM-Calcutta, the international offers for this year was 21 as against 26 last year. At IIMs in Kozhikode and Kolkata, the batch was already placed locally by the time a few international offers came.

“This time, we finished placements earlier so not many international companies got a chance to make the offers,” said a source at IIM-Kozhikode placement office.

“At times, domestic jobs offer a higher compensation. It all depends on the role and it is not always that an international offer is better than a domestic one,” said a student at IIM-Calcutta. Roles and compensations offered by India companies were better this year, he added.

At IIMs in Shillong, Kashipur and Indore, the international offers received this year was almost the same as last year.

“The world economy is not doing well except for the growth story in India and the offers this year are also a reflection of this,” said a person in the placement team at IIM-Kashipur.

This year, IIM-Kashipur has received international offers only from African countries unlike previous years when it received offers from the Middle-East as well. International offers are losing steam at XLRI too. The offers have been drying up over the last couple of years.